**PRMV**

**DESCRIPTIVE ANALYSIS**
summarize prmv_w age_w ad_w rd_w sg_w ss_w prof_w lnsi_w gdp_w wgi_w

**NUMBER OF FINANCING ROUNDS**
tab country, summarize (prmv_w)
tab stage,summarize (prmv_w)
tab year,summarize (prmv_w)

**SETUP PAINEL**
xtset id date

**CREATION OF THE DEPENDENT VARIABLE WITH 1 TIME LAG**

gen lnprmv_w1 = lnprmv_w[_n-1]

**TESTING THE BEST REGRESSION TYPE**

quietly xtreg lnprmv_w lnage_w stage ad_w rd_w sg_w lnss_w prof_w lnsi_w gdp_w wgi_w, re

estimates store aleatorio

xttest0

**EFFECT TYPE TEST**

quietly xtreg lnprmv_w lnage_w stage ad_w rd_w sg_w lnss_w prof_w lnsi_w gdp_w wgi_w, fe

estimate store FE

quietly xtreg lnprmv_w lnage_w stage ad_w rd_w sg_w lnss_w prof_w lnsi_w gdp_w wgi_w, re

estimate store RE

hausman FE RE

**HOMOCESDASTICITY TEST**

quietly xtreg lnprmv_w lnage_w stage ad_w rd_w sg_w lnss_w prof_w lnsi_w gdp_w wgi_w, fe

xttest3

**REGRESSION TESTS**

**MODEL 1**

xtreg lnprmv_w lnsi_w gdp_w wgi_w i.sector, fe robust

**MODEL 2**

xtreg lnprmv_w lnage_w stage lnsi_w gdp_w wgi_w i.sector, fe robust

**MODEL 3**

xtreg lnprmv_w lnage_w stage ad_w rd_w sg_w lnss_w prof_w lnsi_w gdp_w wgi_w i.sector, fe robust

**MODEL 4**

xtreg lnprmv_w lnprmv_w1 lnsi_w gdp_w wgi_w i.sector, fe robust

**MODEL 5**

xtreg lnprmv_w lnprmv_w1 lnage_w stage lnsi_w gdp_w wgi_w i.sector, fe robust

**MODEL 6**

xtreg lnprmv_w lnprmv_w1 lnage_w stage ad_w rd_w sg_w lnss_w prof_w lnsi_w gdp_w wgi_w i.sector, fe robust



